Do you…
- Want to invest in the UK/Birmingham, do not have sufficient savings yet, but want to benefit from jumping onto the property investment ladder before prices continue to rise?
- Want to invest in the UK but need some help with discipline to do so? Or
- Want to invest in one of the largest regeneration schemes to take place in the UK in recent times?
When buying any off-plan investment property you will be required to place a ‘Deposit’. This forms your equity in that property.
To purchase an investment property at Smithfield House, you must place a total deposit of 35% of the property value.
This is divided into 5% of the purchase price paid upon reservation, and 30% paid during the construction phase, which is built up by making 36 affordable monthly payments into a deposit builder plan.
This means that you don’t need to have a lump sum on hand to secure a market leading property opportunity like Smithfield House.
Instead, you can build your deposit month by month, akin to a Savings Plan.
Capital growth during the deposit builder plan…
It is important to also mention that capital growth that can be achieved whilst your deposit is being saved. The buying price (for the example used below, £249,995) is locked in at reservation stage but with growth in the UK and in Birmingham in particular, the value of the property could be 10% higher by the completion stage.
When the deposit has been saved…
When Smithfield House is ready, Thrive can help you in securing a buy-to-let mortgage through our personally selected mortgage providers.
The 35% deposit you have established will provide you with a good range of mortgage options.
This unique payment plan has enables investors to begin or grow their property wealth building journey.
It is also the perfect solution for those people that have the ability to save but need to add discipline and those who want to buy now but don't have the deposit.
Let’s look at this plan in numbers…
For this example, we will use a 1-bedroom property at Smithfield House priced at £249,995. This could be unit 260 on the 8th Floor.
To reserve you pay a 5% reservation deposit of £12,499.75 + £995 initial legal fees = £13,494.75
Following this, your remaining 30% deposit of £74,998.50 will be spread equally over 36 months = £2,083.29 each month.
6 months prior to completion we will introduce you to our mortgage partners who will assist in securing you a buy-to-let mortgage.
2 months prior to completion we will introduce you to our property management partners. They will help you to rent out the property to a suitable tenant and then manage the property on your behalf (should you wish).
For further information on the Pay Monthly Deposit Builder Plan for Smithfield House, please do not hesitate to talk further with us.
You can either use the contact form on this website or email us at
